House prices backed to rise
More than half of people expect house prices to continue increasing during the coming 12 months, a survey showed today.
About 53 per cent of people expect further rises in the cost of property during 2010, a significant turnaround from January 2009, when only 10 per cent of people were predicting increases.
Just 13 per cent of people now think house prices will fall, down from 69 per cent 12 months ago, according to property website Rightmove.co.uk.
The group said positive price sentiment is a very important force in any housing market recovery.